26 min
Financial Literacy for Kids and Teens with Liz Frazier Investipal Podcast
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- Investing
Liz Frazier is a financial planner, author of "Beyond Piggy Banks and Lemonade Stands" and a strategic advisor to Copper Bank, a digital bank for teens. She’s recognized by Investopedia as a Top 100 Financial Advisor and is fiercely dedicated to promoting financial literacy from an early age.
In this episode, Liz shares valuable tips for parents on introducing money management concepts to kids and teens. We discuss the importance of hands-on experiences, how to handle allowances and credit cards, and preparing the next generation for financial success.
Please enjoy our conversation with Liz Frazier.
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The Investipal Podcast is produced by www.investipal.co. Past guests include Peter Lazaroff, Douglas Boneparth, Jamie Hopkins, Tyrone Ross and many more.
Follow us on LinkedIn: www.linkedin.com/company/investipal | www.linkedin.com/in/cameronhowe/; Twitter: www.twitter.com/camhowe16 | www.twitter.com/investipal; Tiktok: www.tiktok.com/@camhowe16 | www.tiktok.com/@investipal; or Instagram: www.instagram.com/investipal/
Find Liz Frazier at:
www.linkedin.com/in/lfp
www.twitter.com/lfrazierpeck
www.instagram.com/lizfrazierpeck
www.facebook.com/Liz-Frazier
www.lizfrazier.com/
www.amazon.ca/Beyond-Piggy-Banks-Lemonade-Stands/dp/1475847610
Key Takeaways:
Many adults feel uncomfortable with finance because they weren't taught money management skills when young. Introducing these concepts early can help kids develop financial confidence.
Give kids hands-on experiences with money, such as an allowance, to learn budgeting and the value of money in a tangible way.
Allow kids to make mistakes with money so they can learn from them in a low-risk environment.
Explain financial decisions and the "why" behind recommendations to get kids engaged and build money skills.
Starting investing and saving early allows kids to take advantage of compound interest over many decades.
Use tools like kid-friendly banking apps to make finance interactive and approachable.
Timestamps:
00:00 Introduction and Background
00:47 Discovering Financial Planning
03:23 The Importance of Talking About Money
06:14 Teaching Kids About Finance
08:10 The Impact of Digital Money
09:00 Teaching Kids About Tangible Money
10:24 Tips for Parents to Teach Kids About Finance
12:14 The Role of Copper Bank
14:59 Starting Early for Retirement
20:38 Managing Lifestyle Creep
22:22 The New Generation's Expectations from Financial Advisors
Liz Frazier is a financial planner, author of "Beyond Piggy Banks and Lemonade Stands" and a strategic advisor to Copper Bank, a digital bank for teens. She’s recognized by Investopedia as a Top 100 Financial Advisor and is fiercely dedicated to promoting financial literacy from an early age.
In this episode, Liz shares valuable tips for parents on introducing money management concepts to kids and teens. We discuss the importance of hands-on experiences, how to handle allowances and credit cards, and preparing the next generation for financial success.
Please enjoy our conversation with Liz Frazier.
--
The Investipal Podcast is produced by www.investipal.co. Past guests include Peter Lazaroff, Douglas Boneparth, Jamie Hopkins, Tyrone Ross and many more.
Follow us on LinkedIn: www.linkedin.com/company/investipal | www.linkedin.com/in/cameronhowe/; Twitter: www.twitter.com/camhowe16 | www.twitter.com/investipal; Tiktok: www.tiktok.com/@camhowe16 | www.tiktok.com/@investipal; or Instagram: www.instagram.com/investipal/
Find Liz Frazier at:
www.linkedin.com/in/lfp
www.twitter.com/lfrazierpeck
www.instagram.com/lizfrazierpeck
www.facebook.com/Liz-Frazier
www.lizfrazier.com/
www.amazon.ca/Beyond-Piggy-Banks-Lemonade-Stands/dp/1475847610
Key Takeaways:
Many adults feel uncomfortable with finance because they weren't taught money management skills when young. Introducing these concepts early can help kids develop financial confidence.
Give kids hands-on experiences with money, such as an allowance, to learn budgeting and the value of money in a tangible way.
Allow kids to make mistakes with money so they can learn from them in a low-risk environment.
Explain financial decisions and the "why" behind recommendations to get kids engaged and build money skills.
Starting investing and saving early allows kids to take advantage of compound interest over many decades.
Use tools like kid-friendly banking apps to make finance interactive and approachable.
Timestamps:
00:00 Introduction and Background
00:47 Discovering Financial Planning
03:23 The Importance of Talking About Money
06:14 Teaching Kids About Finance
08:10 The Impact of Digital Money
09:00 Teaching Kids About Tangible Money
10:24 Tips for Parents to Teach Kids About Finance
12:14 The Role of Copper Bank
14:59 Starting Early for Retirement
20:38 Managing Lifestyle Creep
22:22 The New Generation's Expectations from Financial Advisors
26 min